Saturday’s WSJ featured this interview with former US Senator Phil Gramm, who now is advising McCain on economic policy and could well be Secretary of the Treasury in a McCain administration.
Gramm has always been a solid limited government guy who understands that a growing government absorbs resources that ought to be put to productive uses.
Too bad there couldn’t be a debate between Gramm and Obama, since McCain admits to being not very knowledgeable on economics. (Unfortunately, that fact has not stopped him and his Senate colleagues, most of whom are equally weak in their understanding of economics, from passing legislation that has tremendous economic implications.)
